Tesla Hits All-Time High; Stifel Compares With 'Freight Train'

Tesla Motors TSLA briefly hit an all-time high Tuesday after an analyst hung a $400 price target on the stock and compared it with a freight train.

Shares of the electric automobile manufacturer are up more than 87 percent year to date. Stifel analyst James Albertine upgraded the shares to Buy and offered a price target equal to 50 times Stifel's 2017 earnings estimate.

Tesla traded recently at $282.92 a share, up 4.9 percent.